I'm going to sell my duplex in Michigan to one of the tenants that has been living there for 6 years. I've only owned the property for 6 months. This is going to be an off market deal. The tenant and I have come to ...
I am selling a building, doing a sale-leaseback to keep my operating business in the location under a new lease. I have yet to identify an upleg for a potential 1031 exchange, but what I would really like to do is pul...
Hi, first time posting here. A little story about me is, I am unmarried, and late 20s. I was fortunate to make about $750k this year and next year the expected salary is $900k. I have a 1.2M house with 25%-ish equity,...
I want to hear your most basic thoughts about buying properties with visible foundation problems. I understand there can be a huge spectrum of problems with consequences varying from "can't play a fair game of marb...
Hello all - I wanted to post this because I hope it will help other beginner investors who are using conventional loans to buy rental properties.I ran my scenario by a real estate attorney and they agreed, so I want t...
Hello All,I am having a really foggy time understanding the process of getting loans for my newly established LLC. There is an offer I want to consider in Memphis, 4 rental properties, asking for $55k down, $120k fina...
Hello,
A little backstory on my situation. I inherited a fully paid off single family rental property in 2019. At that time, we decided to leave it as is and continue to rent to the long term tenant. He passed last m...
Your profile:
- no assets
- no liabilities
- $10,000 in your bank account
- $20 minimum wage 9 - 5 job
- Location: Seattle, Washington
- connections already established with vendors, education, lenders, and...
This is a bit of a rant, but I had to get it off my chest.California, following in the footsteps of Oregon, once again is acting with emotion and without reason or a sense of how economics works by passing a cap on re...
Hello guys , I have a huge problem ( i mean huge) . Long story short ( Very long story ) i brought a home in Cleveland for 13K 2 family my first property . When i brought the home it was full with people living up and...